Letting Your Property

Letting your property offers huge advantages in the present housing market. Whether you are going abroad, job relocating, having trouble finding your mortgage repayments, have bought a property for investment purposes or simply unable to sell your property. Once you have reached the decision to let your property, there appears to be an influx of things to deal with so we have listed below are a few key points that may be useful.

Presentation

It is important to remember that the quality of your property will reflect itself on the type of tenants it will attract. When it comes to décor and furnishings everyone’s tastes vary so this is always best-left plain and simple. Although it is wise to remove any items of personal value, the majority of tenants prefer to see a homely environment. Some pictures and plants can also be most effective.
Cleanliness is vital; money spent freshening a property up can be the difference between renting it out and having it sit empty. Clean bathrooms and kitchens are often the key to success. If your property has a garden then plain simple is often the best. Slow growing shrubs, gravel areas, decking, large patios or even just grass are much easier for tenants to maintain and keep attractive than a pond and a lot of flower beds.

Using Us

By renting your property through us can relieve you of many of the things required for a successful let, such as:
• Making sure your property complies with all the legal requirements needed for letting
• Market your property using the Internet & Newspapers
• Find suitable tenants by using a detailed vetting service.
• Complete an up to date legal tenancy agreement.
• Collect a deposit from the proposed tenants to cover any minor breakages.
• Arranging for standing orders to be set up so ensuring that the rent is paid promptly.
• Arranging for the tenants to be checked in and shown where the meters are etc.
• In the case of full management, keeping an eye on your property during the period of letting and arranging maintenance when required.

Your Mortgage

If there is a mortgage on the property, make sure the mortgage company is aware that you intend to rent you property, otherwise you could be breaking the terms and conditions of the mortgage.

Leasehold Properties

With leasehold properties check the leasehold agreement for any stipulations that may affect the letting of your property, eg subletting, pets etc.

Building & Contents Insurance

Review your insurance and where necessary, take out extra cover. The building and (Minimum) contents insurance is the owner’s responsibility (please don’t hesitate to contact us for recommended insurance plans specifically designed for rented properties). It is advisable to remove any personal items that are irreplaceable from the property.

All of this might seem a little daunting we are always there to help with as much, or as little as you require, so register now and one of our property managers will contact you to discuss the smooth letting of your property.